Self Directed IRA investors can now receive expert advice on the IRA prohibited transaction rules regarding the IRS rules for making investments using retirement funds
The IRA Financial Group, the leading facilitator of self-directed IRAs with checkbook control has launched a new tax consultation services called “Self-Directed & IRS Protected” aimed specifically for the self-directed IRA investor. With the increased popularity in using self directed IRAs to make investments, such as real estate, an increasing number of individuals with retirement funds have been seeking expert tax consultation on the IRS prohibited transaction and “disqualified person” rules surrounding the use of retirement funds to make non-traditional investments, such as real estate. As a result, the IRA Financial Group has designed the consultation service called “Self-Directed & IRS Protected” specifically for the self-directed IRA investor. “ When making a non-traditional investments with retirement funds, we at the IRA Financial Group believe it is crucial that all our clients are able to confirm that the proposed transaction is not in violation of any of the IRS prohibited transaction rules, “ stated Adam Bergman, a tax attorney with the IRA Financial Group. “Because a self directed IRA investment requires the understanding of various tax rules which are based off the Internal Revenue Code and tax court cased, it is imperative that each of our clients is able to have their IRA transaction reviewed by a tax professional,” stated Mr. Bergman.
When it comes to making investments using a self directed IRA, the Internal Revenue Code does not describe what a self directed IRA could invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits IRS Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of qualified retirement plans for accumulation of retirement savings and to prohibit those in control of self directed from taking advantage of the tax benefits for their personal account. “Our tax consultation service is predicated on working with the client to structure the most tax efficient self directed IRA transaction,” stated Susan Glass, a tax professional with the IRA Financial Group.
Clients of the IRA Financial Group will be automatically enrolled in our “Self-Directed & IRS Protected” self directed IRA tax consultation service. Each client will have direct and unlimited access to our in-house tax and ERISA professionals. Each client of the IRA Financial Group is assigned a tax professional in order to ensure that the self directed IRA transaction is established is in compliance with IRS rules. “Our clients have worked hard their whole life for their retirement funds and we are dedicated to offering individualized tax consultation regarding the IRS prohibited transaction rules”, stated Susan Glass of the IRA Financial Group.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!